Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) has reported encouraging preliminary observations from drill hole MM26-8 at its wholly owned Murdock Mountain Property in Nevada. The company stated that the drill hole intersected an apparent 15.3-meter (50.2-foot) section of the Meade Peak unit, which is a key target for phosphate mineralization. The exploration target remains the Upper Phosphatic Zone within the Meade Peak Member, and the company is awaiting laboratory assays to confirm true thickness and phosphate content.
In addition, Nevada Organic Phosphate announced that drill hole MM26-9 has been collared approximately 100 meters north and upslope from a previous drill location. Drilling is set to resume following a mandatory crew rest period. The company emphasized that laboratory assay results from the current program will be released once received and validated.
These developments are significant for Nevada Organic Phosphate as it advances its exploration of the Murdock Mountain Property, which is believed to be the only known large-scale organic sedimentary phosphate project in North America. The company holds a 6.6-kilometer-long organic sedimentary raw rock phosphate bed in northeast Nevada, with additional applications extending the potential strike to over 30 kilometers. The property is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California, providing logistical advantages.
For more details, the full press release is available at https://ibn.fm/bnZkv. Investors seeking the latest news and updates relating to NOP can visit the company’s newsroom at https://ibn.fm/NOP.
